By Adminsa ten forty-seven a.m. 16.09.2014 |Brother - BaghdadThe member of the Commission on oil and energy Attorney Kaveh Mohammad, the House of Representatives to put oil and gas law in the list of his works for approval in order to solve the outstanding problems between the center and the region.

Said Mohammed said in a statement seen by Agency for News News (et) that "the failure to approve oil and gas law is a legal vacuum in Iraq, the lack of a special law determines oil policy so far," calling the new session in the House of Representatives to draft a law that includes the right of the Kurds in the management of oil policy.

He continued: "The new government that is taking serious steps to resolve the outstanding problems between the province and the center, to form a government of national participation can solve the problems between the government and the province Alathhadah.http://khabaar.net/index.php/permalink/30280.html

MOSullivan:Kurdistan region has been the only stable area in Iraq since U.S. invasion, in fact, even before invasion, but here we have the Baghdad idiots still jerking the Kurds around for years. No weapons for Kurd military, withheld oil share revenues from start, short changed the Kurds at every corner, trying to block Kurds exporting their regions oil through Turkey, sueing shipping company, and on and on it goes. Kurdistan should have seperated from Baghdad from start for Baghdad is the problem, and always will be. PERIOD

nana7 > MOSullivan:Yes, totally agree.

EXOGEN:YEP!!!

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EXOGEN: Follow the Money!

Lucky9 > EXOGEN:um... we are trying but it keeps running about 48 hours faster...

In finance, a forward rate agreement (FRA) is a forward contract, an over-the-counter contract between parties that determines the rate of interest, or the currency exchange rate, to be paid or received on an obligation beginning at a future start date.

The contract will determine the rates to be used along with the termination date and notional value.[1] On this type of agreement, it is only the differential that is paid on the notional amount of the contract. It is paid on the effective date. The reference rate is fixed one or two days before the effective date, dependent on the market convention for the particular currency.

FRAs are over-the counter derivatives. FRAs are very similar to swaps except that in a FRA a payment is only made once at maturity. Instruments such as interest rate swap could be viewed as a chain of FRAs.

Many banks and large corporations will use FRAs to hedge future interest or exchange rate exposure. The buyer hedges against the risk of rising interest rates, while the seller hedges against the risk of falling interest rates. Other parties that use Forward Rate Agreements are speculators purely looking to make bets on future directional changes in interest rates.[citation needed] The development swaps in the 1980s provided organisations with an alternative to FRAs for hedging and speculating.

In other words, a forward rate agreement (FRA) is a tailor-made, over-the-counter financial futures contract on short-term deposits. A FRA transaction is a contract between two parties to exchange payments on a deposit, called the Notional amount, to be determined on the basis of a short-term interest rate, referred to as the Reference rate, over a predetermined time period at a future date.

FRA transactions are entered as a hedge against interest rate changes. The buyer of the contract locks in the interest rate in an effort to protect against an interest rate increase, while the seller protects against a possible interest rate decline. At maturity, no funds exchange hands; rather, the difference between the contracted interest rate and the market rate is exchanged.

The buyer of the contract is paid if the reference rate is above the contracted rate, and the buyer pays to the seller if the reference rate is below the contracted rate. A company that seeks to hedge against a possible increase in interest rates would purchase FRAs, whereas a company that seeks an interest hedge against a possible decline of the rates would sell FRAs.

nana7 > june:Iraq had one today.

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Imagist:Questions:Why must it be paid in IQD? Not USD? All the countries will be paid? Some might be paying, too. Saudi, Jordan, Kuwait, and others need protection from ISIS and the coalition will be helping them, too. They have no standing army of any strength and cannot completely protect their borders. What am I missing?

EXOGEN > Imagist:THE DAYS OF DUAL CURRENCY IN IRAQ ARE AT THE END…..1 NATIONAL CURRENCY

geturcluehere:with the few clues that's been presented, does it make sense to say that iraq is now being told that they can't RV their currency unless or until they pay their debts to their creditors? is that what others are reading into it?

BlueEyedGoddess > geturcluehere:Yes.

We invaded their country, took out their dictator and have helped them start the rebuilding/democracy process.

They are required to repay the US for that effort.

EXOGEN > BlueEyedGoddess:A+

Bouzai > geturcluehere:Iraq needs the RV to go international so they can pay their debts to their creditors.

EXOGEN: Bouzai

A+

G T:So the Bottom Line Here is........Paris Club is Forcing Iraq to pay this Bill from The Iraq War (Assuming the Bill is Due to the US) & it MUST Be PAID in their Dinar Currency….But As of this Moment .......Iraq's Currency is NOT WORTH the paper it's printed on!!!!

So what does that mean?????

Does this mean we can expect an RV SOONER rather than LATER???

G M > G T:I would think so....

Susan A.S. > G T:I think that it means that the USA, in order to receive a maximum rerurn on their investment, have placed everything in place; including who they wanted for the Minister and Interior positions, the new governor of the CBI, restructuring Iraq's debt (at the Paris Club meeting) , raising the standard of living in the private sector by the steps taken to have the Iraqi citizens trained in how to use their 'Visa' credit-connected bank (Qui) cards.....We are waiting for the new gov. of the CBI to activate a new currency rate.

Chrisdaddy:So if Iraq needs to RV to pay their debts, and the CBI is controlling the release, why haven't they RV'd? What is the cause for the delay???????

Coffeeone:It appears US still in control. It appears new Prime Minister wants to RV. Read articles EXO posting....Iraq moving at warp speed. Prime Minister a good man who loves and fighting for his people. .....we represent opposite....who else could present blockage but us. Common sense.

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OilRat:My sources say the two ministers which were supposedly voted and denied were simply pawns for a planned delay. The true ministers have been seated for over a week. The real ministers will be revealed hopefully on Thursday. If so, RV this weekend. JMO of course!

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Jubouri gives Abadi has until next Thursday to provide security and raises the two ministers meeting

Posted by T.O.T on September 16, 2014

Author: Editor: br Reporter: 16/09/2014 14:41

Tomorrow's Press / Baghdad: Raise House Speaker Salim al-Jubouri, on Tuesday, meeting of the Council of Representatives and the granting of Prime Minister Haider al-Abadi has until next Thursday to provide security ministers.

A parliamentary source said early for "tomorrow's Press," he was "fairly failure to vote on the Jaber Al Jabri and minister of defense and interior Riad Ghraib, forcing Speaker Salim al-Jubouri, to adjourn the meeting to next Thursday."

The source, who requested anonymity, that "al-Jubouri, granting Prime Minister Haider al-Abadi deadline next Thursday to submit the names of security ministers to vote on them."

It is noteworthy that the Iraqi security forces locked in fierce battles for more than three against gangs Daash and some organizations, other militant and Qaibdthm big losses and managed to free several areas,

especially after the aircraft entered the mother of 35 and Alsaikoa Service Iraqi army, and particularly after he threatened those totals security and the economy together , requires accelerating the vote on the candidates and the defense and interior ministries to develop plans to ensure the completion of those battles victory.